Re: They "Chase" You Down, Then "Chase" you Away!

Underh20 wrote:

To a large extent servicemembers are a "safer" category. All USAA would have to do is send a letter indicating a person in my unit hadn't paid what they owed and I'd hold office hours. That would never happen in any other industry.

I'm not sure about insurance products. I suppose there would be an increased risk pool if they did, but not really sure. Sooner or later, though, I think they'll have to open up. It's a question of demographics.

Even thoughh they have opened up the banking portion, there are still major differences between "members" and "non-members" who have accounts. Maybe they will establish a second-tier system for insurance products, too?

I have always wondered where in the application process you gave USAA or any Military oriented but not military financial institution the go ahead to contact someone else regarding your account.

I understand in regards to legitimate derog credit report info on your credit report having an impact on Security Clearance.

I understand actual real and true "Fraud" and calling the Provost Martial Office and information trickling to a command that way.

But just a casual hey SGT XXX is late on a credit card I think would be a privacy violation and actionable especially if any negative action happened to SGT XXX.

I will never forget shocking the Base SGT MAJOR when in a SMP meeting the head of the PX said that prices were high due to theft and loss by junior Marine. Yep just junior Marines.

So I went on the offensive......

I went shopping over 3 months at the PX and at the next meeting stood up with 6 BAGS of purchases and explained that based on the receipts in my hands miss picing and miss identified items in those 6 bags had equaled over $200 in shortages for the PX. In 3 months. Just my shopping alone.

I also requested documents ragarding bounced checks and found that Officers and SNCOs and their dependents bounced more checks to the PX system and had more unrecoverable checks then Joe LCPL. I also went on to say that since the PX system was able to recover Bounced checks and fees from Personels Direct deposit they had lower rates of loss then Walmart.

I asked for an applogy on behalf of junior Marines.He did not give one.

I pressed the disrespect issue. After the meeting the SGT MAJOR came up to me and asked to see the bags...I pointed all the issues out to him

An apology ended up written in the base paper.

Message Edited by usmc58555 on 07-10-2009 09:06 AM

Signature line begins:Credit is not a right, but a business transaction, one that takes into account risk, and charges accordingly based on that risk.Your credit score is an aspect of your credit profile. Important? yes but just an aspect. Contributing/supplemental information determines the finer point of the deal. Ask any question, respect me not to get mad if the answer is not the affirmation you are looking for,

Re: They "Chase" You Down, Then "Chase" you Away!

Yes, sorry for the confusion. This is only for depositing funds from your credit card into your checking account in the event you wanted to pay off more than one creditor, because each transfer is charged a fee, thus putting the funds into your checking account only accumulates one fee

Re: They "Chase" You Down, Then "Chase" you Away!

This quacks like a cash advance. What's the difference between a BT and a cash advance? You can't BT your buyin on the local craps table. At least not directly. You would have to post it to a CC first. And CC's are treating cash equivalent transactions, like casino purchases, as cash advances these days. No more free lunch. Literally!

Re: They "Chase" You Down, Then "Chase" you Away!

usmc58555 wrote:

Underh20 wrote:

To a large extent servicemembers are a "safer" category. All USAA would have to do is send a letter indicating a person in my unit hadn't paid what they owed and I'd hold office hours. That would never happen in any other industry.

I'm not sure about insurance products. I suppose there would be an increased risk pool if they did, but not really sure. Sooner or later, though, I think they'll have to open up. It's a question of demographics.

Even thoughh they have opened up the banking portion, there are still major differences between "members" and "non-members" who have accounts. Maybe they will establish a second-tier system for insurance products, too?

I have always wondered where in the application process you gave USAA or any Military oriented but not military financial institution the go ahead to contact someone else regarding your account.

I understand in regards to legitimate derog credit report info on your credit report having an impact on Security Clearance.

I understand actual real and true "Fraud" and calling the Provost Martial Office and information trickling to a command that way.

But just a casual hey SGT XXX is late on a credit card I think would be a privacy violation and actionable especially if any negative action happened to SGT XXX.

Message Edited by usmc58555 on 07-10-2009 09:06 AM

Article 134.

There are ways for any creditor to let your command know that you have financial problems which entail no privacy issues whether you give them permission or not. However, you should read the terms and conditions for each account. With USAA, for example, you must give them a work phone. A condition of extension of credit is that you explicitly authorize them to contact you at any number given.

I've been with SJA for many, many years and people get SRB entries for failure to properly handle finances all the time and office hours for the same reason. And as you pointed out, there's also the security clearance issue.

I agree that senior NCOs and officers also get into financial mishaps -- perhaps on an equal statistical basis -- but then issues with them are handled indifferent ways ... often ways that are far more devastating career-wise than simple office hours.

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.